Other Information

Audit Fees

The following fees for the services of the worldwide network of Deloitte or Deloitte GmbH Wirtschaftsprüfungsgesellschaft (Deloitte GmbH WPG) were recognized as expenses:

Audit Fees

 

 

PwC

 

Deloitte

 

Of which PwC GmbH WPG

 

Of which Deloitte GmbH WPG

 

 

2016

 

2017

 

2016

 

2017

 

 

€ million

 

€ million

 

€ million

 

€ million

Financial statements auditing

 

16

 

9

 

7

 

3

Audit-related services and other audit work

 

2

 

2

 

1

 

2

Tax consultancy

 

3

 

1

 

 

Other services

 

7

 

5

 

5

 

4

Total

 

28

 

17

 

13

 

9

The fees for the auditing of financial statements mainly comprised those for the audits of the consolidated financial statements of the Bayer Group and the financial statements of Bayer AG and its subsidiaries. In 2016, €2 million in fees related to the auditing of the Covestro Group’s financial statements.

The non-audit-related services primarily related to the analysis of financial information concerning business entities considered for divestment (Other services), the assessment of financial and nonfinancial information outside of financial statement auditing (Audit-related services and other audit work), and compliance-related tax consultancy services that had neither a material or direct impact on the annual financial statements or consolidated financial statements.

Deloitte has been Bayer’s auditor since 2017 and thus is the successor to PricewaterhouseCoopers (PwC). The Independent Auditor’s Report on the consolidated financial statements for fiscal 2017 was signed by Mr. Heiner Kompenhans and Prof. Frank Beine. Both signed the Independent Auditor’s Report for the first time for the year ended December 31, 2017, and are the responsible audit partners.

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